Prolexus is one of the counter that gave me quite high profit last year when the rally starts in September 2019. It was a good day at that point of time :)
Background: Prolexus Group is a listed company in the Malaysia Stock Exchange. Thecore business is in Apparel Manufacturing with over 40 years of leadership in the industry. Today, they have more than 3000 employees across 3 facilities in Malaysia and China; producing more than 15 million pieces of apparels for global brands every year.With the latest fabric mill in Kluang, Malaysia, the group’s capability has expanded to be a one-stop integrated provider of material to apparel. Other business units include Retail and Outdoor Advertising.
Fundamentally,
Market Cap: 97.73m
EPS: 3.38 (OK)
EPS @ 8.1: 27.37cents (overvalue)
PE Ratio: 15.98 OK
ROE: 2.58
NTA: 1.3 (undervalue)
Mr Lau Mong Ying, the managing director of PRLEXUS has been actively buy back the shares, signalling for further growth.
Financially, the company has been in positive net profit since 2013. However I do notice the profit margin has reduced year on year.
Hence, recently the pivoted their business into production of personal protective equipment in line with the highly increasing demand from COVID-19. Its their new prospect for this year.
Based on chart, it looks like the uptrend is visible at least for short term. Price is on support right now. 200% potential to ATH
I like those companies that are willing to pivot their business being flexible within current issues and turn it into opportunities.
Background: Prolexus Group is a listed company in the Malaysia Stock Exchange. Thecore business is in Apparel Manufacturing with over 40 years of leadership in the industry. Today, they have more than 3000 employees across 3 facilities in Malaysia and China; producing more than 15 million pieces of apparels for global brands every year.With the latest fabric mill in Kluang, Malaysia, the group’s capability has expanded to be a one-stop integrated provider of material to apparel. Other business units include Retail and Outdoor Advertising.
Fundamentally,
Market Cap: 97.73m
EPS: 3.38 (OK)
EPS @ 8.1: 27.37cents (overvalue)
PE Ratio: 15.98 OK
ROE: 2.58
NTA: 1.3 (undervalue)
Mr Lau Mong Ying, the managing director of PRLEXUS has been actively buy back the shares, signalling for further growth.
Financially, the company has been in positive net profit since 2013. However I do notice the profit margin has reduced year on year.
Hence, recently the pivoted their business into production of personal protective equipment in line with the highly increasing demand from COVID-19. Its their new prospect for this year.
Based on chart, it looks like the uptrend is visible at least for short term. Price is on support right now. 200% potential to ATH
I like those companies that are willing to pivot their business being flexible within current issues and turn it into opportunities.
